Related Group, with partners Teddy Sagi and BH Group, secures a $400 million construction loan from Madison Realty Capital for The Residences at Six Fisher Island, set to redefine luxury living with 50 exclusive residences and unparalleled amenities, slated for completion by 2026. This ultra-luxury development on Fisher Island marks a new pinnacle in coastal living, blending opulent design, panoramic views, and a commitment to preserving the island’s prestigious community ambiance.
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The completion of Six Fisher Island, a luxurious 11-story structure, is targeted for 2025. The 50 units in the Kobi Karp-designed high-rise project will have floor designs with three to five bedrooms. Each one ranges in size from 3,870 to 8,400 square feet.
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AMiami Beach’s exclusive Star Island has taken the top spot among the most expensive areas in the country, surpassing Port Royal in Naples, FL, Beverly Hill’s Gateway, and Trousdale Estates in Beverly Hills. In 2022, the price of the typical home sold on the island was $40.2 million, an increase of $16.7 million and 71% from 2019 when it was $23.5 million.
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The Related Group is making waves in South Florida with their newest condominium project on the exclusive Fisher Island. The invitation only condo tower would include 50 luxury residences with a select number of penthouses.
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In Miami-Dade County, condo sales and dollar volume increased in the first week of February. Volume for the week rose to $232 million which is up from $159.5 million from January 2022.
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After spending 5.5 years on significant renovations and imported furniture, Igor Olegovich Nesterenko, a businessman in the meatpacking industry from Moscow, sold his Fisher Island property for $21 million.
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Kayak co-founder and CEO Steve Hafner paid $40 million for a penthouse on Fisher Island after selling his smaller unit at L’Atelier Miami Beach for $36 million in two straight record-breaking deals.
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The Miami luxury real estate market is on fire and, with season recently kicking off, it’s bound to get hotter. To gets things cooking, the last day of November saw a record-breaking sale on the ultra-exclusive Fisher Island where a trophy penthouse formerly owned by Oprah Winfrey sold for $20,000,000, or $3,242 per square foot. Read More
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Fisher Island’s Palazzo Della Luna has officially topped off its 10-story tower. With prices from $6.5 million, Palazzo Della Luna will feature 50 residential units with three-, four-, five-, six-, and seven-bedroom options.
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The award-winning interior architecture and design firm Antrobus+Ramirez recently completed an exquisite model residence at the luxurious Palazzo Del Sol on Fisher Island. Listing broker, Dora Puig, describes the design for the fully furnished, trophy property as “modern with a twist”.
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